Question: Consider a stock that is expected to pay a dividend of $0.93 a year from now. The current price of the stock is $45.18. The

Consider a stock that is expected to pay a dividend of $0.93 a year from now. The current price of the stock is $45.18. The expected rate of return on the stock is 13%. What must be the expected growth rate of the dividends? Enter your answer as a percentage. Do not enter the percentage sign into your answer.

Enter your response below rounded to 2 DECIMAL PLACES

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